![]() The Global TV app needs more improvement and lesser advertisements. Corus Is Already Dancing To The Streaming Tune Management should make it clear that the new Global TV app is a prelude to Corus Entertainment’s gradual transformation to a streaming media company. Going all-in on streaming can help Corus break free from its Shaw Media-initiated downward spiral curse.ĬJREF got put down by investors because they think Global TV app is just an add-on feature to make Corus TV subscribers happy. Streaming apps are cheaper to build and operate than TV stations. ![]() However, the worsening cord-cutting trend in North America will eventually compel Corus to widen its audience reach. It is only available to North American Corus Entertainment's paid subscribers. Corus Entertainment owns the mobile app. We should go long on Corus Entertainment because it could become a global company, like a mini Netflix ( NFLX). ![]() These valuation ratios are notably lower compared to corresponding valuation multiples of Saga Communications ( SGA) or Disney ( DIS). The stock of Corus Entertainment currently trades at only 0.41 TTM Price/Sales, 1.53 EV/Sales, and 0.41 Price/Book. This stock is very cheap compared to its peers in the broadcasting industry. Corus has a future in digital streaming and video games. Bargain income-investment hunters will still buy CJREF for its 7.46% TTM dividend yield. Management should forget about increasing its dividend payments this year. It was smart of the management to cancel share buybacks. Yes, the pessimism over Corus Entertainment is also due to its large total debt of $1.35 billion. The radio and TV assets can no longer sustain Corus Entertainment’s future prosperity. CJREF’s 3-year revenue CAGR is a measly $2.03%. The $2.65 billion purchase of Shaw Media did not lead to substantial improvement in Corus Entertainment’s fortune. This Canadian company’s stock is very affordable because of its 5-year price return of -83.18%. I use Seeking Alpha Premium Screener to find good value stocks like Corus Entertainment ( OTCPK:CJREF).
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